Final Results - Part 5
Vodafone Group Plc
30 May 2006
Vodafone Group Plc
Preliminary Results for year ended 31 March 2006
PART 5
KEY PERFORMANCE INDICATORS
MOBILE TELECOMMUNICATIONS BUSINESSES
PROPORTIONATE CUSTOMERS - 1 APRIL 2005 TO 31 MARCH 2006
-----------------------------------------------------------------------------------------------------------
9 MONTHS TO 31 DECEMBER 2005 QUARTER TO 31 MARCH 2006
----------------------------------------- ---------------------------------------
COUNTRY PERCENTAGE AT 1 APR NET OTHER AT 31 DEC NET OTHER AT 31 MAR PREPAID
OWNERSHIP 2005 ADDITIONS MOVEMENTS 2005 ADDITIONS MOVEMENTS 2006 (3)
(1) (2)
(%) ('000s) ('000s) ('000s) ('000s) ('000s) ('000s) ('000s) %
-----------------------------------------------------------------------------------------------------------
Principal Markets
Germany 100.0% 27,223 1,942 - 29,165 26 - 29,191 53.3
Italy 76.9% 17,280 913 15 18,208 282 - 18,490 92.2
Spain 100.0% 11,472 1,451 - 12,923 598 - 13,521 50.4
UK 100.0% 15,324 1,001 - 16,325 (21) - 16,304 61.1
----------------------------------------- ---------------------------------------
71,299 5,307 15 76,621 885 - 77,506 65.6
Other Subsidiaries
Albania 99.9% 648 100 - 748 24 - 772 96.8
Australia 100.0% 2,731 395 - 3,126 51 - 3,177 74.0
Czech
Republic 100.0% - 209 1,931 2,140 72 2 2,214 47.5
Egypt 50.1% 2,072 1,312 (316) 3,068 246 - 3,314 90.4
Greece 99.8% 3,996 433 - 4,429 41 1 4,471 66.4
Hungary 100.0% 1,735 303 - 2,038 25 - 2,063 68.9
Ireland 100.0% 1,952 95 - 2,047 28 - 2,075 73.7
Malta 100.0% 167 10 - 177 (2) - 175 89.8
Netherlands 99.9% 3,789 187 - 3,976 (67) - 3,909 52.4
New Zealand 100.0% 1,891 133 - 2,024 44 - 2,068 77.6
Portugal 100.0% 3,586 533 - 4,119 157 - 4,276 79.7
Romania 100.0% - 986 5,146 6,132 252 - 6,384 64.9
Sweden - 1,541 32 - 1,573 - (1,573) - -
----------------------------------------- ---------------------------------------
24,108 4,728 6,761 35,597 871 (1,570) 34,898 71.8
Other Joint Ventures
Fiji 49.0% 76 19 - 95 6 - 101 94.0
India 10.0% - 51 1,582 1,633 325 - 1,958 82.8
Kenya 35.0% 879 342 - 1,221 159 - 1,380 98.2
Poland 19.6% 1,443 331 - 1,774 144 - 1,918 56.5
Romania - 1,010 - (1,010) - - - - -
South Africa 49.9% 5,087 1,956 - 7,043 840 3,085 10,968 89.5
----------------------------------------- ---------------------------------------
8,495 2,699 572 11,766 1,474 3,085 16,325 82.2
Associates &
Investments
United
States(4) 44.4% 20,173 2,600 12 22,785 738 7 23,530 5.5
Other 16,071 1,686 23 17,780 532 - 18,312 73.2
----------------------------------------- ---------------------------------------
36,244 4,286 35 40,565 1,270 7 41,842 62.6
----------------------------------------- ---------------------------------------
Total(5) 140,146 17,020 7,383 164,549 4,500 1,522 170,571 65.9
----------------------------------------- ---------------------------------------
(1) All ownership percentages are stated as at 31 March 2006 and exclude
options, warrants or other rights or obligations of the Group to increase or
decrease ownership in any venture with the exception of India, where the
Group's 10% economic interest represents a 5.6% direct interest in Bharti
Tele-Ventures Limited (now renamed Bharti Airtel Limited) and a subscription
for convertible debentures in Bharti Enterprises Private Limited,
representing a 4.4% indirect economic interest in Bharti Airtel Limited.
Ownership interests have been rounded to the nearest tenth of one per cent.
(2) Other movements for the quarter to 31 March 2006 represent the
acquisition of the remaining 0.1% interest in Vodafone Czech Republic
(previously Oskar Mobil a.s.), minority interests in Vodafone Greece and
Vodafone Albania, the disposal of the Group's 100% interest in Vodafone
Sweden and the indirect acquisition of a 14.9% interest in Vodacom Group
(Pty) Limited in South Africa.
(3) Prepaid customer percentages are calculated on a venture basis. At 31
March 2006, there were 518.0 million venture customers.
(4) The Group's ownership interest in Verizon Wireless is 45.0%. However, the
Group's proportionate customer base has been adjusted for Verizon Wireless's
proportionate ownership of its customer base across all its network
interests of approximately 98.6% at 31 March 2006. In the absence of
acquired interests, this proportionate ownership will vary slightly from
quarter to quarter depending on the underlying mix of net additions across
each of these networks.
(5) Total proportionate customers have been restated to exclude the results
of Vodafone Japan which has been treated as a discontinued operation in
both the current and previous financial years. At 31 March 2006, Vodafone
Japan had 14,858,000 proportionate customers (1 April 2005: 14,692,000,
31 December 2005: 14,767,000).
MOBILE TELECOMMUNICATIONS BUSINESSES
VODAFONE LIVE! ACTIVE DEVICES
--------------------------------------------------------------------------------
9 MONTHS TO 31 DECEMBER 2005 QUARTER TO 31 MARCH 2006
------------------------------------- ------------------------
COUNTRY AT NET AT NET AT 31 MAR
1 APR 2005 ADDITIONS 31 DEC 2005 ADDITIONS 2006
('000s) ('000s) ('000s) ('000s) ('000s)
--------------------------------------------------------------------------------
Principal Markets
Germany 4,845 1,203 6,048 166 6,214
Italy(1) 2,113 1,364 3,477 620 4,097
Spain 2,992 1,659 4,651 863 5,514
UK 3,443 752 4,195 (14) 4,181
------------------------------------- ------------------------
13,393 4,978 18,371 1,635 20,006
Other
Subsidiaries
& Joint
Ventures(2) 3,988 3,219 7,207 (143) 7,064
------------------------------------- ------------------------
Group
Statutory
Total(3) 17,381 8,197 25,578 1,492 27,070
--------------------------------------------------------------------------------
The table above only includes Vodafone live! devices in the Group's subsidiary
and joint venture undertakings. There were an additional 5.9 million registered
Vodafone live! venture devices in the Group's associated undertakings at 31
March 2006 (31 December 2005: 5.2 million, 30 September 2005: 4.7 million, 1
April 2005: 3.2 million).
(1) Under IFRS, Vodafone Italy is treated as a joint venture. The figures in
the table above represent the Group's share of Vodafone live! active
devices.
(2) In the quarter to 31 March 2006, the Group sold its interest in Vodafone
Sweden which included 592,000 Vodafone live! active devices at the date of
disposal.
(3) Total Vodafone live! active devices have been restated to exclude the
results of Vodafone Japan which has been treated as a discontinued
operation for both current and previous financial years. At 31 March 2006,
Vodafone Japan had 13,363,000 Vodafone live! devices (1 April 2005:
12,845,000, 31 December 2005: 12,950,000).
3G DEVICES
--------------------------------------------------------------------------------
9 MONTHS TO 31 DECEMBER 2005 QUARTER TO 31 MARCH 2006
------------------------------------- ------------------------
COUNTRY AT NET AT NET AT 31 MAR
1 APR 2005 ADDITIONS 31 DEC 2005 ADDITIONS 2006
('000s) ('000s) ('000s) ('000s) ('000s)
--------------------------------------------------------------------------------
Principal Markets
Germany 358 1,089 1,447 578 2,025
Italy(1) 511 1,206 1,717 533 2,250
Spain 88 514 602 300 902
UK 190 535 725 308 1,033
--------------------------------------- ------------------------
1,147 3,344 4,491 1,719 6,210
Other
Subsidiaries
& Joint
Ventures(2) 253 1,026 1,279 232 1,511
--------------------------------------- ------------------------
Group
Statutory
Total(3) 1,400 4,370 5,770 1,951 7,721
--------------------------------------- ------------------------
Consumer
devices 1,183 4,053 5,236 1,825 7,061
Business
devices 217 317 534 126 660
--------------------------------------- ------------------------
1,400 4,370 5,770 1,951 7,721
--------------------------------------------------------------------------------
The table above only includes 3G devices in the Group's subsidiary and joint
venture undertakings. There were an additional 1.7 million Vodafone live! with
3G and Vodafone Mobile Connect 3G/GPRS data card devices in the Group's
associated undertakings at 31 March 2006 (31 December 2005: 1.1 million, 30
September 2005: 0.4 million, 1 April 2005: 0.1 million).
(1) Under IFRS, Vodafone Italy is treated as a joint venture. The figures in
the table above represent the Group's share of 3G devices.
(2) In the quarter to 31 March 2006, the Group sold its interest in Vodafone
Sweden which included 172,000 3G devices at the date of disposal.
(3) Total 3G devices have been restated to exclude the results of Vodafone
Japan which has been treated as a discontinued operation for both current
and previous financial years. At 31 March 2006, Vodafone Japan had
2,984,000 3G devices (1 April 2005: 798,000, 31 December 2005: 2,224,000).
MOBILE TELECOMMUNICATIONS BUSINESSES
AVERAGE MONTHLY REVENUE PER USER IN THE QUARTER
--------------------------------------------------------------------------------------------------------
COUNTRY 30 JUN 30 SEPT 31 DEC 31 MAR 30 JUN 30 SEPT 31 DEC 31 MAR
2004 2004 2004 2005 2005 2005 2005 2006
Germany Total 25.5 26.0 24.9 23.4 24.3 24.4 22.9 21.5
(EUR) Contract 40.4 41.5 39.9 37.7 39.8 41.0 38.8 37.2
Prepaid 10.3 10.3 9.6 9.2 9.2 9.0 8.3 7.5
--------------------------------------------------------------------------------------------------------
Italy Total 30.3 30.3 30.2 29.1 30.4 29.9 27.7 26.4
(EUR) Contract 79.6 74.4 78.4 74.8 79.4 75.0 73.7 71.0
Prepaid 25.6 26.0 25.5 24.6 25.8 25.9 23.5 22.2
--------------------------------------------------------------------------------------------------------
Spain Total 34.1 36.7 34.2 33.3 36.2 37.7 35.3 33.3
(EUR) Contract 58.3 61.1 56.6 54.2 58.5 60.7 56.3 52.8
Prepaid 14.7 16.4 14.7 14.6 15.4 16.2 15.0 13.9
--------------------------------------------------------------------------------------------------------
UK Total 26.6 26.6 24.9 24.1 24.6 25.1 23.8 22.7
(GBP) Contract 49.6 48.7 45.7 45.6 46.5 47.9 44.8 43.9
Prepaid 10.4 11.1 10.3 9.4 9.5 9.9 9.5 8.8
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
Albania Total 2,336 2,587 2,417 2,184 2,255 2,534 2,259 2,098
(ALL) Contract 24,469 25,580 24,629 22,234 18,783 19,815 18,499 16,777
Prepaid 1,636 1,851 1,690 1,522 1,680 1,936 1,701 1,593
--------------------------------------------------------------------------------------------------------
Australia Total 51.0 52.1 47.3 51.4 47.8 48.2 51.4 47.9
(AUD) Contract 76.7 77.1 82.8 102.2 92.8 93.6 94.3 92.0
Prepaid 29.1 32.7 22.4 25.4 26.7 31.1 35.0 32.0
--------------------------------------------------------------------------------------------------------
Czech
Republic(1) Total 643 657 680 641 680 679 679 644
(CZK) Contract 1,062 1,063 1,066 986 1,029 1,017 1,015 951
Prepaid 305 320 340 317 340 342 337 311
--------------------------------------------------------------------------------------------------------
Egypt Total 99.7 111.5 102.8 94.1 91.4 89.4 74.1 79.0
(EGP) Contract 253.8 264.6 255.9 258.0 268.6 283.9 274.1 289.3
Prepaid 63.1 74.4 67.9 61.8 60.7 62.4 52.0 56.0
--------------------------------------------------------------------------------------------------------
Greece Total 33.0 36.7 32.3 30.4 32.2 34.2 31.3 29.8
(EUR) Contract 64.7 71.4 63.8 61.8 65.1 69.7 64.2 61.5
Prepaid 17.7 19.4 16.2 14.4 15.1 15.7 14.1 13.4
--------------------------------------------------------------------------------------------------------
Hungary Total 5,255 5,396 5,182 4,945 5,321 5,153 4,885 4,647
(HUF) Contract 12,667 12,961 11,774 10,800 11,302 11,264 9,666 8,809
Prepaid 3,480 3,422 3,313 3,169 3,391 3,046 3,043 2,887
--------------------------------------------------------------------------------------------------------
Ireland Total 51.1 51.7 50.7 49.1 51.4 53.1 50.2 48.6
(EUR) Contract 101.7 102.8 98.7 96.3 101.9 107.8 99.9 99.3
Prepaid 31.0 31.6 31.7 30.8 32.1 32.6 31.6 30.0
--------------------------------------------------------------------------------------------------------
Malta Total 14.7 16.9 12.9 11.6 14.0 16.2 13.0 12.1
(MTL) Contract 81.1 98.0 65.4 55.7 74.6 91.4 61.8 54.4
Prepaid 8.2 8.7 7.4 6.8 7.4 7.8 7.3 6.9
--------------------------------------------------------------------------------------------------------
Netherlands Total 38.7 39.3 37.5 35.3 37.1 36.6 34.5 33.6
(EUR) Contract 72.3 73.5 70.5 67.0 69.5 68.6 64.7 61.3
Prepaid 13.1 13.3 11.9 10.5 11.3 11.0 9.8 9.2
--------------------------------------------------------------------------------------------------------
New Zealand Total 53.4 52.5 53.0 52.3 50.7 51.0 51.2 51.2
(NZD) Contract 150.0 147.3 146.5 143.4 138.9 139.7 137.2 138.5
Prepaid 27.9 27.2 27.9 27.8 25.9 25.6 25.9 25.7
--------------------------------------------------------------------------------------------------------
Portugal Total 29.2 29.7 26.8 25.8 26.4 27.1 24.0 23.3
(EUR) Contract 59.3 59.8 54.5 54.4 67.3 69.8 61.9 62.4
Prepaid 16.4 17.2 15.7 15.5 14.3 14.7 13.4 12.9
--------------------------------------------------------------------------------------------------------
Romania(1) Total 14.0 14.4 14.1 13.2 14.9 15.9 15.4 13.9
(USD) Contract 29.4 31.2 30.4 27.7 30.2 31.1 29.5 27.0
Prepaid 4.9 5.3 5.5 5.2 6.3 7.1 7.0 6.0
--------------------------------------------------------------------------------------------------------
(1) MobiFon S.A. in Romania and Oskar Mobil a.s. in the Czech Republic became
subsidiaries on 31 May 2005. However, historic average monthly revenue per
user information has been presented in the table above for all comparative
periods in order to assist in the understanding of historic results.
MOBILE TELECOMMUNICATIONS BUSINESSES
NON-VOICE SERVICES AS A PERCENTAGE OF SERVICE REVENUE
-------------------------------------------------------------------------------
QUARTER TO 31 MARCH 2006
-------------------------------------------------------------------------------
COUNTRY MESSAGING DATA TOTAL
-------------------------------------------------------------------------------
Principal Markets
Germany 16.0% 5.7% 21.7%
Italy(1) 15.2% 2.8% 18.0%
Spain 11.5% 3.6% 15.1%
UK 15.9% 5.4% 21.3%
-------------------------------------------------------------------------------
Group Statutory Total 14.0% 3.8% 17.8%
-------------------------------------------------------------------------------
HISTORIC NON-VOICE SERVICES INFORMATION
----------------------------------------------------------------------------
NON-VOICE SERVICES AS A PERCENTAGE OF SERVICE REVENUE
IN THE QUARTER TO
-----------------------------------------------------------------
COUNTRY 30 JUN 30 SEPT 31 DEC 31 MAR 30 JUN 30 SEPT 31 DEC 31 MAR
2004 2004 2004 2005 2005 2005 2005 2006
----------------------------------------------------------------------------
Principal
Markets
Germany 17.3% 17.0% 18.3% 19.8% 19.3% 19.5% 20.4% 21.7%
Italy(1) 13.5% 14.8% 14.7% 15.6% 14.9% 16.8% 17.4% 18.0%
Spain 12.2% 13.0% 14.2% 15.0% 13.7% 14.2% 14.8% 15.1%
UK 17.4% 18.0% 18.8% 19.3% 19.3% 19.7% 20.7% 21.3%
----------------------------------------------------------------------------
Group
Statutory
Total(2) 14.7% 15.1% 15.7% 16.6% 16.2% 16.6% 17.2% 17.8%
----------------------------------------------------------------------------
(1) Under IFRS, Vodafone Italy is treated as a joint venture.
(2) Total non-voice services as a percentage of service revenue have been
restated to exclude the results of Vodafone Japan which has been treated
as a discontinued operation for both current and previous financial years.
The impact has been to reduce non-voice services as a percentage of service
revenue for the quarter to 31 December 2005 from 19.4% to 17.2% (30
September 2005: from 18.9% to 16.6%, 30 June 2005: from 18.5% to 16.2%,
31 March 2005: from 19.0% to 16.6%, 31 December 2004: from 18.1% to 15.7%,
30 September 2004: from 17.8% to 15.1%, 30 June 2004: from 17.7% to 14.7%).
MOBILE TELECOMMUNICATIONS BUSINESSES
CUSTOMER CHURN
-----------------------------------------------------------------------------------
ANNUALISED CHURN INFORMATION IN
THE QUARTER TO
-----------------------------------------------------------------------------------
COUNTRY 30 JUN 30 SEPT 31 DEC 31 MAR 30 JUN 30 SEPT 31 DEC 31 MAR
2004 2004 2004 2005 2005 2005 2005 2006
Principal Markets
Germany Total 16.9% 17.9% 18.8% 19.5% 17.3% 19.7% 21.2% 22.6%
Contract 14.4% 14.8% 16.1% 14.0% 13.1% 14.3% 16.8% 16.7%
Prepaid 19.2% 20.9% 21.3% 24.5% 21.1% 24.6% 25.2% 27.7%
-----------------------------------------------------------------------------------
Italy(1) Total 15.2% 17.6% 18.6% 17.2% 17.3% 18.7% 19.1% 19.5%
Contract 19.9% 16.0% 16.3% 18.4% 14.9% 14.5% 16.6% 14.5%
Prepaid 14.8% 17.8% 18.8% 17.0% 17.5% 19.1% 19.3% 19.9%
-----------------------------------------------------------------------------------
Spain Total 24.1% 21.9% 20.7% 21.3% 21.7% 20.7% 20.6% 20.6%
Contract 15.9% 13.1% 14.2% 14.6% 13.6% 12.5% 13.9% 14.1%
Prepaid 30.5% 29.0% 26.2% 27.1% 29.0% 28.1% 26.9% 26.9%
-----------------------------------------------------------------------------------
UK Total 29.7% 28.8% 29.6% 30.7% 32.4% 33.1% 31.9% 31.2%
Contract 22.2% 21.8% 21.6% 25.3% 23.2% 21.6% 20.2% 21.2%
Prepaid 34.7% 33.5% 34.8% 34.2% 38.3% 40.5% 39.5% 37.5%
-----------------------------------------------------------------------------------
ACTIVE CUSTOMERS
-----------------------------------------------------------------------------------
ACTIVE CUSTOMERS(2) AT
-----------------------------------------------------------------------------------
COUNTRY 30 JUN 30 SEPT 31 DEC 31 MAR 30 JUN 30 SEPT 31 DEC 31 MAR
2004 2004 2004 2005 2005 2005 2005 2006
-----------------------------------------------------------------------------------
Principal Markets
Germany 95.1% 94.7% 94.2% 93.7% 93.0% 92.8% 91.5% 90.6%
Italy(1) 92.8% 92.6% 92.3% 92.3% 92.2% 92.8% 92.1% 91.2%
Spain 97.5% 94.5% 94.5% 94.6% 94.8% 95.0% 95.7% 94.3%
UK 92.9% 92.4% 91.3% 90.3% 88.8% 90.6% 90.8% 88.4%
-----------------------------------------------------------------------------------
Group
Statutory
Total(2) 93.4% 93.0% 92.6% 92.2% 91.3% 92.2% 92.1% 91.6%
-----------------------------------------------------------------------------------
(1) Under IFRS, Vodafone Italy is treated as a joint venture.
(2) During the quarter ended 31 March 2006, the definition of an active
customer was revised to one who either pays a monthly fee or has made or
received a chargeable event in the last 3 months. All prior period
information has been restated using this revised definition. In addition,
total active customers have also been restated to exclude the results of
Vodafone Japan which has been treated as a discontinued operation for both
current and previous financial years.
The overall impact of these restatements has been to increase the active
customer percentage at 31 December 2005 from 91.6% to 92.1% (30 September
2005: from 91.8% to 92.2%, 30 June 2005: from 91.0% to 91.3%, 31 March
2005: from 91.6% to 92.2%, 31 December 2004: from 91.8% to 92.6%, 30
September 2004: from 92.2% to 93.0%, 30 June 2004: from 92.7% to 93.4%).
MOBILE TELECOMMUNICATIONS BUSINESSES
VOICE USAGE VOLUMES
--------------------------------------------------------------------------------------------------
TOTAL VOICE MINUTES(1) (MILLIONS) IN THE QUARTER TO
----------------------------------------------------------------------------------
COUNTRY 30 JUN 30 SEPT 31 DEC 31 MAR 30 JUN 30 SEPT 31 DEC 31 MAR
2004 2004 2004 2005 2005 2005 2005 2006
--------------------------------------------------------------------------------------------------
Principal
Markets
Germany 5,775 5,967 6,050 5,768 6,356 6,428 7,010 6,993
Italy(2) 6,679 6,914 7,250 7,327 7,173 7,164 7,521 7,746
Spain 3,963 4,375 4,482 4,973 5,648 5,859 5,966 6,362
UK 6,219 6,324 6,530 6,413 6,810 6,937 7,167 7,145
--------------------------------------------------------------------------------------------------
22,636 23,580 24,312 24,481 25,987 26,388 27,664 28,246
--------------------------------------------------------------------------------------------------
Other Subsidiaries
Albania 107 121 119 118 129 144 141 135
Australia 1,055 1,120 1,346 1,442 1,619 1,818 1,957 2,001
Czech
Republic(3) N/a N/a N/a N/a 289 840 899 925
Egypt 1,470 1,693 1,616 1,734 1,979 2,341 2,278 2,442
Greece 1,417 1,535 1,517 1,538 1,757 1,896 1,870 1,869
Hungary 566 608 652 651 741 792 842 866
Ireland 1,143 1,187 1,195 1,176 1,263 1,279 1,302 1,289
Malta 40 43 39 37 42 47 43 43
Netherlands 1,513 1,437 1,567 1,556 1,697 1,601 1,755 1,733
New Zealand 469 497 538 539 540 559 616 602
Portugal 1,199 1,235 1,229 1,268 1,319 1,384 1,386 1,402
Romania(3) N/a N/a N/a N/a 525 1,754 1,931 1,914
Sweden 647 640 657 614 688 681 753 N/a
--------------------------------------------------------------------------------------------------
9,626 10,116 10,475 10,673 12,588 15,136 15,773 15,221
--------------------------------------------------------------------------------------------------
Other Joint
Ventures 1,634 1,767 1,908 1,931 2,021 1,957 2,598 4,684
--------------------------------------------------------------------------------------------------
Group
Statutory
Total(4) 33,896 35,463 36,695 37,085 40,596 43,481 46,035 48,151
--------------------------------------------------------------------------------------------------
(1) The total voice minute information presented in the table above
represents the volume of minutes handled by each local network and includes
incoming, outgoing and visitor calls. The voice minute information in
respect of the Czech Republic, Germany, New Zealand and Romania reflects
minutes billed which are rounded-up under certain tariffs.
(2) Under IFRS, Vodafone Italy is treated as a joint venture. The figures in
the table above represent the Group's share of the voice minute information.
(3) MobiFon S.A. in Romania and Oskar Mobil a.s. in the Czech Republic became
subsidiaries on 31 May 2005. Voice minutes in the quarter to 30 June 2005
only include volumes during the month of June 2005. Prior to 31 May 2005,
MobiFon S.A. was treated as a joint venture and was previously included
within Other Joint Ventures.
(4) Total voice usage volumes have been restated to exclude the results of
Vodafone Japan which has been treated as a discontinued operation for both
current and previous financial years. During the quarter ended 31 March
2006, Vodafone Japan had 6,114 million voice minutes (31 December 2005:
5,918 million, 30 September 2005: 5,833 million, 30 June 2005:
5,692 million, 31 March 2005: 5,656 million, 31 December 2004:
5,980 million, 30 September 2004: 6,161 million, 30 June 2004:
6,172 million).
PROFORMA FINANCIAL INFORMATION (UNAUDITED)
In April 2006, the Group announced changes to the organisational structure of
its operations, effective from 1 May 2006. The following results are presented
in accordance with the new organisation structure. The Group's results
announcements will continue to provide the trading results of its principal
operations within the Europe and EMAPA (covering Eastern Europe, Middle East,
Africa, Asia Pacific and Affiliates) regions in the discussion of its
operations.
Year ended 31 March 2006
------------------------------------------------------------------------------------------------
Less:
Intra- Common Inter-
Segment Joint segment functions segment Net
revenue Subsidiaries ventures revenue (2) revenue revenue
£m £m £m £m £m £m £m
------------------------------------------------------------------------------------------------
Revenue
Continuing operations:
Europe(1) 23,524 19,503 4,363 (342) (123) 23,401
EMAPA(1) 4,584 3,106 1,489 (11) (47) 4,537
Other
operations 1,320 1,320 - - (34) 1,286
Common
functions 145 (19) 126
------------------------------------------------------------------------------------------------
29,428 23,929 5,852 (353) 145 (223) 29,350
================================================================================================
------------------------------------------------------------------------------------------------------------------
Adjusted
Segment Joint Common Operating Other operating
result Subsidiaries ventures functions(2) Associates (loss)/profit adjustments(3) profit
£m £m £m £m £m £m £m £m
------------------------------------------------------------------------------------------------------------------
Adjusted operating (loss)/profit
Continuing operations:
Europe(1) (17,703) (15,775) (1,928) 5 (17,698) 23,512 5,814
EMAPA(1) 837 470 367 2,415 3,252 (17) 3,235
Other
operations 139 139 - - 139 - 139
Common
functions 215 8 223 (12) 211
------------------------------------------------------------------------------------------------------------------
(16,727) (15,166) (1,561) 215 2,428 (14,084) 23,483 9,399
==================================================================================================================
Six months ended 30 September 2005
------------------------------------------------------------------------------------------------
Less:
Intra- Common Inter-
Segment Joint segment functions segment Net
revenue Subsidiaries ventures revenue (2) revenue revenue
£m £m £m £m £m £m £m
------------------------------------------------------------------------------------------------
Revenue
Continuing operations:
Europe(1) 11,943 9,893 2,240 (190) (67) 11,876
EMAPA(1) 2,009 1,382 632 (5) (10) 1,999
Other
operations 622 622 - - (19) 603
Common
functions 70 - 70
------------------------------------------------------------------------------------------------
14,574 11,897 2,872 (195) 70 (96) 14,548
================================================================================================
--------------------------------------------------------------------------------------------------------------
Adjusted
Segment Joint Common Operating Other operating
result Subsidiaries ventures functions(2) Associates profit adjustments(4) profit
£m £m £m £m £m £m £m £m
--------------------------------------------------------------------------------------------------------------
Adjusted operating profit/(loss)
Continuing operations:
Europe(1) 3,039 2,116 923 - 3,039 - 3,039
EMAPA(1) (131) (301) 170 1,187 1,056 496 1,552
Other
operations 38 38 - - 38 - 38
Common
functions 153 - 153 - 153
--------------------------------------------------------------------------------------------------------------
2,946 1,853 1,093 153 1,187 4,286 496 4,782
==============================================================================================================
(1) Reportable segments.
(2) Common functions represents results from Partner Markets and
unallocated central Group income and expenses.
(3) Comprises impairments to the carrying value of goodwill relating to
the mobile operations in Germany, Italy and Sweden amounting to £23,515
million offset by £17 million of non-operating income in relation to the
Group's associated undertakings and £15 million of other items.
(4) Comprises impairment to the carrying value of goodwill relating to
the mobile operations in Sweden amounting to £515 million offset by £19
million of non-operating income in relation to the Group's associated
undertakings.
This information is provided by RNS
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